Scott Powell - 05 Feb 2023 Form 4 Insider Report for WELLS FARGO & COMPANY/MN (WFC)

Role: SEVP & Chief Operating Officer
Signature: Scott E. Powell, by Janet McGinness, as Attorney-in-fact
Issuer symbol: WFC
Transactions as of: 05 Feb 2023
Net transactions value: -$1,224,445
Form type: 4
Filing time: 07 Feb 2023, 14:09:15 UTC
Previous filing: 31 Jan 2023
Next filing: 01 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WFC	Common Stock, $1 2/3 Par Value	Options Exercise	$0	+30,702	+33%	$0.000000	124,493	05 Feb 2023	Direct	F1
transaction	WFC	Common Stock, $1 2/3 Par Value	Tax liability	$745,764	-15,674	-13%	$47.58	108,819	05 Feb 2023	Direct
transaction	WFC	Common Stock, $1 2/3 Par Value	Options Exercise	$0	+19,706	+18%	$0.000000	128,525	05 Feb 2023	Direct	F2
transaction	WFC	Common Stock, $1 2/3 Par Value	Tax liability	$478,681	-10,061	-7.8%	$47.58	118,464	05 Feb 2023	Direct
holding	WFC	Common Stock, $1 2/3 Par Value						2,463	05 Feb 2023	Through 401(k) Plan	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	WFC	Restricted Share Right	Options Exercise	$0	-30,702	-50%	$0.000000	30,702	05 Feb 2023	Common Stock, $1 2/3 Par Value	30,702		Direct	F4, F5
transaction	WFC	Restricted Share Right	Options Exercise	$0	-19,706	-33%	$0.000000	39,409	05 Feb 2023	Common Stock, $1 2/3 Par Value	19,706		Direct	F4, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Number of shares represents a Restricted Share Right ("RSR") vesting on February 5, 2023. Original grant date was January 26, 2021. This vesting represents one-third of the original amount of RSRs granted (plus dividend equivalents reinvested in additional RSRs).
F2	Number of shares represents a RSR vesting on February 5, 2023. Original grant date was January 25, 2022. This vesting represents one-third of the original amount of RSRs granted (plus dividend equivalents reinvested in additional RSRs).
F3	Reflects share equivalent of units in the Wells Fargo ESOP Fund under the 401(k) Plan (the "Plan") as of January 31, 2023, as if investable cash equivalents held by the Plan were fully invested in Wells Fargo & Company (the "Company") common stock.
F4	Each RSR represents a contingent right to receive one share of Company common stock.
F5	These RSRs vest in three installments: one-third on 2/5/2022, 2/5/2023 and 2/5/2024. As a condition to receiving the grant, the reporting person agreed to hold, while employed by the Company and for one year after retirement, shares of Company common stock as required under the Company's Stock Ownership Policy.
F6	These RSRs vest in three installments: one-third on 2/5/2023, 2/5/2024, and 2/5/2025. As a condition to receiving the grant, the reporting person agreed to hold, while employed by the Company and for one year after retirement, shares of Company common stock as required under the Company's Stock Ownership Policy.